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Chicago examiner price two cents s vol xv ko 132 a m thursday Chicago may 24 1917 thursday resjslew u s patent office 1,000,000 bank crash police hunt two bankers pyramiding of funds found in auburn and morgan park banks mcfariand and bransfield loaned money to selves for wide finan cing says hoyne depositors be siege doors to get life savings a thousand depositors besieged the auburn state bank 7914 south haisted street and the morgan park state bank 1937 monterey avenue yesterday in an effort to withdraw their savings accounts aggregating 700,000 they were greeted with the sign closed by state auditor | pending investigation | thej 4!rere chiefly working people â€” old men and women with babies iu arms while they wept and waited state bank examiner harry t ellis and his aids were inside checking up the books and unraveling a tangle of frenzied finance that promises to set a new record for Chicago thomas p mcfariand is president and mark p bransfield vice presi dent of the two banks according to a report made by mr ellis to state auditor andrew russell last night here is what happened to the money in the banks three hundred thousand dollars lost in financing the bransfield billings piano action company of saginaw mich eighty-five thou sand lost in financing the drexel motor car corporation in addition to a note for 19,000 still held by the auburn bank the losses evident from the books aggregate it is understood in the neighborhood of 400,000 in reality it is feared they will be much more than that has many small depositors among the depositors are a w kipley a health inspector living at 7953 rhodes avenue 270 frank nerrell a car sweeper 503 west eighty fourth street 100 emil magnusen a grocer at 1024 west seventy-ninth street 1,800 one man said he had put 900 in the bank saturday many of the other depositors were from much the same financial walk of life the auburn state bank was capitalized at 200,000 and recently made a statement showing 566,835 deposits 322,490 of real estate loans 147 077 of collateral loans and 132,570 of other loans the morgan park state bank which was a subsidiary was capitalized at 25,000 a separate inquiry started by state's attorney hoyne yesterday re vealed the extraordinary pyramiding of paper securities by mcfariand and bransfield and the scope of their operations 2 take funds says hoyne as mcfariand the bank president mcfariand the director and stock holder in the drexel motor car corporation state's attorney hoyne re ports advanced himself money to buy more shares and further finance the company likewise his bank partner bransfield according to mr hoyne advanced bransfield the head of the bransfield-billings piano action com pany 300,000 from the bank funds to carry on that enterprise also according to mr hoyne's investigation the drexel motor car company which is capitalized at 2,000,000 is making every effort to avoid being caught in the crash negotiations were opened last night it is said for its consolidation with a detroit concern albert j farmer founder and former president of the drexel corpo ration is said to have notified the state bank examiner of the straits of the two banks farmer was deposed as president soon after mcfariand and bransfield acquired the voting power given them by their 200,000 shares of stock t farmer holds engine patent they think they ousted me but they're fooled said mr farmer he owns the patent on the drexel car engine the corporation's most val uable asset if they hold a meeting to-morrow night and elect homer sullivan their action will be illegal as the by-laws require that the di rectors be notified five days in advance of a meeting not a director has been notified farmer wasn't a business man he was only an inventor said r w schoyer stock sales manager of the drexel sales corporation the financing organization he said the company is at present being directed by ernest liebke vice president and homer sullivan secretary and treasurer farmer told mcfariand he would even the score mr schoyer said the corporation was short of cash at present and must sell additional stock while the auburn bank financed it at the start the cpmpany is practically out of its debt he added the 19,000 note was the only direct obligation he knew of in the closed bank at the close of business tuesday the first national bank of Chicago through which the mcfariand banks cleared declined to clear its checks any longer mr ellis then closed the banks and placed examiners in charge he found the institutions did not have sufficient money to meet the checks wild night taxi drive precedes failure tom mcfariand and mark'b bransfield leave ruins o half dozen corporations with i poor people caughtfor savings i tom m'farland and i mark bransfield whirl i wind millionaires have 1 fled from Chicago according to i the state's attorney's office i leaving behind them a million i dollar crash two banks and four corpora i tions indicate the ruin the i losers classified as investors de i positors and purchasers of mort i gages alleged to be forged will i number a thousand they are 1 classified by the bank examiners as poor people or barely well i to-do confessions that a ream o tm fraudulent deeds forged a bfl paul o stensland constitute part of the fraud were made tÂ«fl state's attorney maclay hoynfl last night the confession a ___ indicated that one of the pafl ners had been blackmailed Â« a large sum . i both called fugitives m leave their families 9 both missing men are beiflh sought by the state's attorney both left their families behind fl bransfield left a bride of sixfl months who says she does notfl know where he is mcfarlantfl left a wife j.nd several childrenh some of the organizations irfl which the two young financierfl were interested together with ntfl approximation of the capital iafl volved are as follows the auburn state bank liitfl young financiers first enterprise i whose deposits they boosted fromfl a few dollars to halt a million ' then came the morgan parkfl state bank which they started onfl a shoestring and ran up deposits to 95,000 after that they started a whirl fl wind business with a partnership 1 name and later the drexel motor fl car corporation which had h 000,000 in authorized capital and h 1,200,000 of stock issued the bransfield-billings piano i action company into which they wt sank 300,000 and several smaller fl enterprises m'farland goes first fl and then bransfield fl mcfariand is believed to have i slipped away tuesday night with-^m out giving any intimation of his m^h tentions to his partner jb bransfield is believed to have flfl war tax bill of 2 billions is passed house responding to call for patriotism sends measure to senate by vote of 329 to 76 | surtaxes on incomes increased by sam w small jb washington may 23 the war revenue bill passed the house late this afternoon by ti vote of 329 to 70 no democrat voted against the final passage of the bill republican leader mann voted against the revenue bill on final passage as originally presented the hill was designed to raise 1 500,000.000 an nually in addition to the normal rev enues of the government as passed its revenue producing powers are strengthened by amendments par ticularly the lenroot amendments providing for a 25 per cent increase in the surtaxes on incomes in excess of 60,000 a year in addition to the surtax levied in the original draft measure will raise more than 2 billions estimates by members of the ways and means committee have placed the revenue producing power of the bill as finally adopted by the house as in excess of 2 000,000 000 but that ie not enough to meet the estimates of expenditures by secretary mcadoo who aslced for revenue amounting to j2 245,000,000 while the bill was un der consideration by the house it is generally understood in con gress that a tacit agreement exists between that body and the adminis tration that one-half of the war ex penses are to be met by increased taxation and the other half by bond issue but in view of the stupendous eums asked for different departments cf the government an increase in the burden of taxation with the possi bility of disturbing business and in dustry is not viewed with favor by congress and probably will not be granted senate committee may re-frame the act the bill as passed by the house goes immediately to the senate com mittee on finance which has antici pated its arrival but through cour tesy to the house as the body hav ing the constituti3nal duty of orig inating appropriations and revenue producing measures the senate com mittee has refrained from taking any vote there is a report that the senate finance committee will reframe the bill to produce not more than 1 500.000,000 a year in excess of the normal income of the government under present conditions if that does not suffice the war taxes will grow with the government needs and every citizen will have to bear his share no matter how burdensome inequities admitted called war necessity while its revenue producing pow ers have been increased instead of fleet shells lisbon riots peril portugal madrid via buenos aires may 23 â€” lisbon the capital of portugal is under bombard ment by the portuguese fleet ac cording to word received here to night it is added that the marines and the police are joining with the rioters whose main grievance arises from the food conditions the portuguese army remains loyal but so far has been unable to quell outbreaks rioting is general throughout the country it is declared and many have been killed or wounded earlier advices on portugal said that the portuguese officials at tributed the outbreaks to the ma chinations of germany 25,000,000 is john d,'s gift julius rosenwald is made foun dation trustee red cross may get aid xew tork may 23 john d rockefeller has given another 25 000,000 to the foundation he created ten million dollars of the principal it was announced to-night will be set aside and distributed from time to time â€” until january 1918 â€” among worthy institutions a large part of it may go to the red cross announcement of rockefeller's lat est gift was made by dr george ed gar vincent who succeeded john d rockefeller jr as president of the foundation other appropriations announced by dr vincent wire 2,000,000 to the permanent en dowment of the rockefeller insti tute for medical research 23,000 toward a total expense of approximately 160,000 for a mo bile motor hospital unit of the ital ian plan being created at the medi cal school at yale university 70,290 to cover the budget for 1917-18 for the school of hygiene and public health of johns hop kins university this latter gift indicates the form ing of a new allied institution at the baltimore university the initial amount is to be used to organize the school and outline the plan for in struction the endowment to the institute of medical research is made so that that institution can keep up the pace set by war demands in applied surgery resignation of dr charles w el liott was accepted and three new members taken into the board they are charles e hughes and dr wal lace buttrick of new york and julius rosenwald of Chicago rockefeller to take 100,000,000 of loan new tork may 23 john d rockefeller is reported to be aiming to take 100,000,000 of the liberty loan he ts buying in small amounts because of the criticism that may crop up that he is trying to evade taxes gasoline price is advanced 2 cents new york may 23 the stand ard oil company of new york to day announced an advance of 2 cents a gallon on gasoline school board elects loeb shoop to go hands of mayor tied as reorgan ization is effected under otis law lundin assails loeb committee named to pick new superintendent and business head reconsideration barred the war between president jacob m loeb of the school board and the thompson administration yesterday assumed greater proportions when fred lundin bitterly attacked mr loeb earlier in the day the latter with eighteen other members of the board had reorganized it under the otis law refused to continue john d shoop as superintendent of sciicols and tied the hands of the mayor in school matters mr lundin's remarks his first ut terance in the various attacks upon the mayor was a complete surprise he and the mayor are charged by mr loeb with intending to raid the schools logs is assailed mr lundin's reply pregnant with inuendo and suggestion of wrong in tent bitterly assails president loeb and his methods in the purchase of school supplies other developments yesterday fol low flection of lo^b as president of the board and john \_. eckhart as vice president for one year each election of angrus roy shannon alleged target of the linndin thompson combination as the board's attorney for four years election of louts e larson also alleged target as secretary appointment of mr shoop as acting superintendent pending elec tion of his successor naming of a committee to con fer with educators on the selection of his successor chnnge in the titte of business manager held by john a guilford to general purchasing agent thus removing the position from civil service control the board also named a committee to confer with representative busi ness men on the selection of a busi ness manager chose a seal and car ried a motion providing for the pub lication of its proceedings before the regular meeting a spe cial conference was held in presi dent loeb's offices where the dif ferences of the members were healed in a three-hours discussion whereas from behind the closed doors of the conference room had issued loud and angry voices the u s weather forecast Chicago and vicinity â€” fair and warmer thursday friday prob ably fair i moderate westerly winds becoming variable temperature for twenty-four hours ending 2 k m : ll lff h cm 56 1 lowest 37 1 average 46 normal temperature for the day 59 deficiency of temperaturo since january 1 120 degrees precipitation for twenty-four hours ending at 7 p m trace deficiency of precipitation since january 1 2.25 inches relative humidity 7 a m 66 2 p m 45 7 p m 42 barometric pressure reduced to sea level : 7 a m 29.88 7 p m 29.80 sunrise to-day 4:2l;^{unsgt 7:12 complete i-cvernment report on page 16 u=boats sink 27 british ships in one week london may 23.â€”the admi ralty's statement of shipping losses for the week ending sun day follows arrivals all nationalities 2,664 sailings 2,759 british merchantmen of 1,600 tons or over sunk by mine or submarine . is under 1,600 tons ....... 9 british merchantmen un successfully attacked 9 british fishing vessels sunk 3 u s navy guts u-boat losses british admiralty officially com mends american flotilla's service in,war zone london may 23 â€” discussing the work of the american destroyer flo tilla since its arrival in british wa ters an admiralty official statement to-night said the american destroyers are playing no small part in the anti submarine war and our officers have expressed the greatest en thusiasm at the spirit enterprise acumen and quick-wittedness with which the american unit has taken up its work it is the old american doctrine of keeping everlastingly at it diver menace passing the germans who at first said they would strip us of our tonnage by june 1 have now advanced the date to october and we are confi dent that when october comes they will be under the same necessity of advancing the date again in the week before the arrival of the yankee jackies more than three score ships were reported sunk last week's report showed these losses re duced by half the official report to-day says the record is being main tained american ship sunk new york may 23 an 8,000 ton american ship carrying a cargo to switzerland has been torpedoed and sunk in the mediterranean the name was withheld inquiry of american shipping ex perts this afternoon developed that the only vessel of anywhere near 8,000 tons known to be in the medi terranean was a german interned ship which sailed recently for italy baruch may direct all allied buying washington may 23 bernard baruch of new york is mentioned to-night as the man who will direct the purchasing machinery of the united states and its allies he is now chairman of the raw materials committee of the advisory commis sion of the national defense council the allied purchases will reach 10 000,000,000 yearly u s senator lane of oregon is dead san francisco may 23 united states senator harry lane of port land ore died here to-night he was suffering from high blood pres sure and a breaking down of the nerve tissues senator lane was se riously stricken here last week while returning to his home from wash ington u.s bars socialist move to end war state department sees hand of kaiser in gathering called attempt to make separate truce with small nations washington may 23 the united states will issue no passports to persons intending to take part in the international socialist conference at stockholm said secretary of state lansing to-day the general policy of the united states for more than a century has been that private individuals should not take part in any matter pertain ing to international questions in which this country is involved continued the secretary it has been more than a policy â€” almost a doc trine liable it3tder logan law the state department further warned that f any american should succeed in getting to stockholm without a passport or if any amer ican now abroad should attend the conference he might be held liable on his return to prosecution under the logan law this measure com ing down from nearly a century ago provides fine or imprisonment or both for any american who at tempts to deal with foreign govern ments on matters which should be handled through the state depart ment halts departure of three to-day's announcement bars the departure of morris hillquit victor berger and algernon lee selected by the american socialist organization to represent lt at the stockholm con ference the state department's objection to the conference is understood to be that proof has been received that the movement is nothing but a dis guised german proopaganda to force pressure on certain of the weaker nations to wean them away from the allies and lead them to a separate peace special efforts were to be made in the case of russia berger says u s fears move may bring peace milwaukee may 23.â€”comment ing on the action of the government in refusing passports to american delegates to the stockholm confer ence victor l berger socialist lead er said england germany france italy and even spain and roumania will have delegates no separate peace propaganda with russia is contemplated the international socialist movement however will not take orders from mr lansing any more than it did from czar nicholas balfour to address canadian parliament ottawa may 23 â€” arthur james balfour british foreign secretary will make speeches in the two houses of the canadian parliament monday continued on 7th page 2d column bmiinued on 6th page sth column p_*^____^_w&Â£'^m_____^__\_w i i m^w m^^tm^^^9aml^p t i \_\__ _____ |^^ buy a liberty bond and help furnish the sinews of wafi ycur every dollar like the eagle it bears7|will come home to its nest & j

Chicago examiner price two cents s vol xv ko 132 a m thursday Chicago may 24 1917 thursday resjslew u s patent office 1,000,000 bank crash police hunt two bankers pyramiding of funds found in auburn and morgan park banks mcfariand and bransfield loaned money to selves for wide finan cing says hoyne depositors be siege doors to get life savings a thousand depositors besieged the auburn state bank 7914 south haisted street and the morgan park state bank 1937 monterey avenue yesterday in an effort to withdraw their savings accounts aggregating 700,000 they were greeted with the sign closed by state auditor | pending investigation | thej 4!rere chiefly working people â€” old men and women with babies iu arms while they wept and waited state bank examiner harry t ellis and his aids were inside checking up the books and unraveling a tangle of frenzied finance that promises to set a new record for Chicago thomas p mcfariand is president and mark p bransfield vice presi dent of the two banks according to a report made by mr ellis to state auditor andrew russell last night here is what happened to the money in the banks three hundred thousand dollars lost in financing the bransfield billings piano action company of saginaw mich eighty-five thou sand lost in financing the drexel motor car corporation in addition to a note for 19,000 still held by the auburn bank the losses evident from the books aggregate it is understood in the neighborhood of 400,000 in reality it is feared they will be much more than that has many small depositors among the depositors are a w kipley a health inspector living at 7953 rhodes avenue 270 frank nerrell a car sweeper 503 west eighty fourth street 100 emil magnusen a grocer at 1024 west seventy-ninth street 1,800 one man said he had put 900 in the bank saturday many of the other depositors were from much the same financial walk of life the auburn state bank was capitalized at 200,000 and recently made a statement showing 566,835 deposits 322,490 of real estate loans 147 077 of collateral loans and 132,570 of other loans the morgan park state bank which was a subsidiary was capitalized at 25,000 a separate inquiry started by state's attorney hoyne yesterday re vealed the extraordinary pyramiding of paper securities by mcfariand and bransfield and the scope of their operations 2 take funds says hoyne as mcfariand the bank president mcfariand the director and stock holder in the drexel motor car corporation state's attorney hoyne re ports advanced himself money to buy more shares and further finance the company likewise his bank partner bransfield according to mr hoyne advanced bransfield the head of the bransfield-billings piano action com pany 300,000 from the bank funds to carry on that enterprise also according to mr hoyne's investigation the drexel motor car company which is capitalized at 2,000,000 is making every effort to avoid being caught in the crash negotiations were opened last night it is said for its consolidation with a detroit concern albert j farmer founder and former president of the drexel corpo ration is said to have notified the state bank examiner of the straits of the two banks farmer was deposed as president soon after mcfariand and bransfield acquired the voting power given them by their 200,000 shares of stock t farmer holds engine patent they think they ousted me but they're fooled said mr farmer he owns the patent on the drexel car engine the corporation's most val uable asset if they hold a meeting to-morrow night and elect homer sullivan their action will be illegal as the by-laws require that the di rectors be notified five days in advance of a meeting not a director has been notified farmer wasn't a business man he was only an inventor said r w schoyer stock sales manager of the drexel sales corporation the financing organization he said the company is at present being directed by ernest liebke vice president and homer sullivan secretary and treasurer farmer told mcfariand he would even the score mr schoyer said the corporation was short of cash at present and must sell additional stock while the auburn bank financed it at the start the cpmpany is practically out of its debt he added the 19,000 note was the only direct obligation he knew of in the closed bank at the close of business tuesday the first national bank of Chicago through which the mcfariand banks cleared declined to clear its checks any longer mr ellis then closed the banks and placed examiners in charge he found the institutions did not have sufficient money to meet the checks wild night taxi drive precedes failure tom mcfariand and mark'b bransfield leave ruins o half dozen corporations with i poor people caughtfor savings i tom m'farland and i mark bransfield whirl i wind millionaires have 1 fled from Chicago according to i the state's attorney's office i leaving behind them a million i dollar crash two banks and four corpora i tions indicate the ruin the i losers classified as investors de i positors and purchasers of mort i gages alleged to be forged will i number a thousand they are 1 classified by the bank examiners as poor people or barely well i to-do confessions that a ream o tm fraudulent deeds forged a bfl paul o stensland constitute part of the fraud were made tÂ«fl state's attorney maclay hoynfl last night the confession a ___ indicated that one of the pafl ners had been blackmailed Â« a large sum . i both called fugitives m leave their families 9 both missing men are beiflh sought by the state's attorney both left their families behind fl bransfield left a bride of sixfl months who says she does notfl know where he is mcfarlantfl left a wife j.nd several childrenh some of the organizations irfl which the two young financierfl were interested together with ntfl approximation of the capital iafl volved are as follows the auburn state bank liitfl young financiers first enterprise i whose deposits they boosted fromfl a few dollars to halt a million ' then came the morgan parkfl state bank which they started onfl a shoestring and ran up deposits to 95,000 after that they started a whirl fl wind business with a partnership 1 name and later the drexel motor fl car corporation which had h 000,000 in authorized capital and h 1,200,000 of stock issued the bransfield-billings piano i action company into which they wt sank 300,000 and several smaller fl enterprises m'farland goes first fl and then bransfield fl mcfariand is believed to have i slipped away tuesday night with-^m out giving any intimation of his m^h tentions to his partner jb bransfield is believed to have flfl war tax bill of 2 billions is passed house responding to call for patriotism sends measure to senate by vote of 329 to 76 | surtaxes on incomes increased by sam w small jb washington may 23 the war revenue bill passed the house late this afternoon by ti vote of 329 to 70 no democrat voted against the final passage of the bill republican leader mann voted against the revenue bill on final passage as originally presented the hill was designed to raise 1 500,000.000 an nually in addition to the normal rev enues of the government as passed its revenue producing powers are strengthened by amendments par ticularly the lenroot amendments providing for a 25 per cent increase in the surtaxes on incomes in excess of 60,000 a year in addition to the surtax levied in the original draft measure will raise more than 2 billions estimates by members of the ways and means committee have placed the revenue producing power of the bill as finally adopted by the house as in excess of 2 000,000 000 but that ie not enough to meet the estimates of expenditures by secretary mcadoo who aslced for revenue amounting to j2 245,000,000 while the bill was un der consideration by the house it is generally understood in con gress that a tacit agreement exists between that body and the adminis tration that one-half of the war ex penses are to be met by increased taxation and the other half by bond issue but in view of the stupendous eums asked for different departments cf the government an increase in the burden of taxation with the possi bility of disturbing business and in dustry is not viewed with favor by congress and probably will not be granted senate committee may re-frame the act the bill as passed by the house goes immediately to the senate com mittee on finance which has antici pated its arrival but through cour tesy to the house as the body hav ing the constituti3nal duty of orig inating appropriations and revenue producing measures the senate com mittee has refrained from taking any vote there is a report that the senate finance committee will reframe the bill to produce not more than 1 500.000,000 a year in excess of the normal income of the government under present conditions if that does not suffice the war taxes will grow with the government needs and every citizen will have to bear his share no matter how burdensome inequities admitted called war necessity while its revenue producing pow ers have been increased instead of fleet shells lisbon riots peril portugal madrid via buenos aires may 23 â€” lisbon the capital of portugal is under bombard ment by the portuguese fleet ac cording to word received here to night it is added that the marines and the police are joining with the rioters whose main grievance arises from the food conditions the portuguese army remains loyal but so far has been unable to quell outbreaks rioting is general throughout the country it is declared and many have been killed or wounded earlier advices on portugal said that the portuguese officials at tributed the outbreaks to the ma chinations of germany 25,000,000 is john d,'s gift julius rosenwald is made foun dation trustee red cross may get aid xew tork may 23 john d rockefeller has given another 25 000,000 to the foundation he created ten million dollars of the principal it was announced to-night will be set aside and distributed from time to time â€” until january 1918 â€” among worthy institutions a large part of it may go to the red cross announcement of rockefeller's lat est gift was made by dr george ed gar vincent who succeeded john d rockefeller jr as president of the foundation other appropriations announced by dr vincent wire 2,000,000 to the permanent en dowment of the rockefeller insti tute for medical research 23,000 toward a total expense of approximately 160,000 for a mo bile motor hospital unit of the ital ian plan being created at the medi cal school at yale university 70,290 to cover the budget for 1917-18 for the school of hygiene and public health of johns hop kins university this latter gift indicates the form ing of a new allied institution at the baltimore university the initial amount is to be used to organize the school and outline the plan for in struction the endowment to the institute of medical research is made so that that institution can keep up the pace set by war demands in applied surgery resignation of dr charles w el liott was accepted and three new members taken into the board they are charles e hughes and dr wal lace buttrick of new york and julius rosenwald of Chicago rockefeller to take 100,000,000 of loan new tork may 23 john d rockefeller is reported to be aiming to take 100,000,000 of the liberty loan he ts buying in small amounts because of the criticism that may crop up that he is trying to evade taxes gasoline price is advanced 2 cents new york may 23 the stand ard oil company of new york to day announced an advance of 2 cents a gallon on gasoline school board elects loeb shoop to go hands of mayor tied as reorgan ization is effected under otis law lundin assails loeb committee named to pick new superintendent and business head reconsideration barred the war between president jacob m loeb of the school board and the thompson administration yesterday assumed greater proportions when fred lundin bitterly attacked mr loeb earlier in the day the latter with eighteen other members of the board had reorganized it under the otis law refused to continue john d shoop as superintendent of sciicols and tied the hands of the mayor in school matters mr lundin's remarks his first ut terance in the various attacks upon the mayor was a complete surprise he and the mayor are charged by mr loeb with intending to raid the schools logs is assailed mr lundin's reply pregnant with inuendo and suggestion of wrong in tent bitterly assails president loeb and his methods in the purchase of school supplies other developments yesterday fol low flection of lo^b as president of the board and john \_. eckhart as vice president for one year each election of angrus roy shannon alleged target of the linndin thompson combination as the board's attorney for four years election of louts e larson also alleged target as secretary appointment of mr shoop as acting superintendent pending elec tion of his successor naming of a committee to con fer with educators on the selection of his successor chnnge in the titte of business manager held by john a guilford to general purchasing agent thus removing the position from civil service control the board also named a committee to confer with representative busi ness men on the selection of a busi ness manager chose a seal and car ried a motion providing for the pub lication of its proceedings before the regular meeting a spe cial conference was held in presi dent loeb's offices where the dif ferences of the members were healed in a three-hours discussion whereas from behind the closed doors of the conference room had issued loud and angry voices the u s weather forecast Chicago and vicinity â€” fair and warmer thursday friday prob ably fair i moderate westerly winds becoming variable temperature for twenty-four hours ending 2 k m : ll lff h cm 56 1 lowest 37 1 average 46 normal temperature for the day 59 deficiency of temperaturo since january 1 120 degrees precipitation for twenty-four hours ending at 7 p m trace deficiency of precipitation since january 1 2.25 inches relative humidity 7 a m 66 2 p m 45 7 p m 42 barometric pressure reduced to sea level : 7 a m 29.88 7 p m 29.80 sunrise to-day 4:2l;^{unsgt 7:12 complete i-cvernment report on page 16 u=boats sink 27 british ships in one week london may 23.â€”the admi ralty's statement of shipping losses for the week ending sun day follows arrivals all nationalities 2,664 sailings 2,759 british merchantmen of 1,600 tons or over sunk by mine or submarine . is under 1,600 tons ....... 9 british merchantmen un successfully attacked 9 british fishing vessels sunk 3 u s navy guts u-boat losses british admiralty officially com mends american flotilla's service in,war zone london may 23 â€” discussing the work of the american destroyer flo tilla since its arrival in british wa ters an admiralty official statement to-night said the american destroyers are playing no small part in the anti submarine war and our officers have expressed the greatest en thusiasm at the spirit enterprise acumen and quick-wittedness with which the american unit has taken up its work it is the old american doctrine of keeping everlastingly at it diver menace passing the germans who at first said they would strip us of our tonnage by june 1 have now advanced the date to october and we are confi dent that when october comes they will be under the same necessity of advancing the date again in the week before the arrival of the yankee jackies more than three score ships were reported sunk last week's report showed these losses re duced by half the official report to-day says the record is being main tained american ship sunk new york may 23 an 8,000 ton american ship carrying a cargo to switzerland has been torpedoed and sunk in the mediterranean the name was withheld inquiry of american shipping ex perts this afternoon developed that the only vessel of anywhere near 8,000 tons known to be in the medi terranean was a german interned ship which sailed recently for italy baruch may direct all allied buying washington may 23 bernard baruch of new york is mentioned to-night as the man who will direct the purchasing machinery of the united states and its allies he is now chairman of the raw materials committee of the advisory commis sion of the national defense council the allied purchases will reach 10 000,000,000 yearly u s senator lane of oregon is dead san francisco may 23 united states senator harry lane of port land ore died here to-night he was suffering from high blood pres sure and a breaking down of the nerve tissues senator lane was se riously stricken here last week while returning to his home from wash ington u.s bars socialist move to end war state department sees hand of kaiser in gathering called attempt to make separate truce with small nations washington may 23 the united states will issue no passports to persons intending to take part in the international socialist conference at stockholm said secretary of state lansing to-day the general policy of the united states for more than a century has been that private individuals should not take part in any matter pertain ing to international questions in which this country is involved continued the secretary it has been more than a policy â€” almost a doc trine liable it3tder logan law the state department further warned that f any american should succeed in getting to stockholm without a passport or if any amer ican now abroad should attend the conference he might be held liable on his return to prosecution under the logan law this measure com ing down from nearly a century ago provides fine or imprisonment or both for any american who at tempts to deal with foreign govern ments on matters which should be handled through the state depart ment halts departure of three to-day's announcement bars the departure of morris hillquit victor berger and algernon lee selected by the american socialist organization to represent lt at the stockholm con ference the state department's objection to the conference is understood to be that proof has been received that the movement is nothing but a dis guised german proopaganda to force pressure on certain of the weaker nations to wean them away from the allies and lead them to a separate peace special efforts were to be made in the case of russia berger says u s fears move may bring peace milwaukee may 23.â€”comment ing on the action of the government in refusing passports to american delegates to the stockholm confer ence victor l berger socialist lead er said england germany france italy and even spain and roumania will have delegates no separate peace propaganda with russia is contemplated the international socialist movement however will not take orders from mr lansing any more than it did from czar nicholas balfour to address canadian parliament ottawa may 23 â€” arthur james balfour british foreign secretary will make speeches in the two houses of the canadian parliament monday continued on 7th page 2d column bmiinued on 6th page sth column p_*^____^_w&Â£'^m_____^__\_w i i m^w m^^tm^^^9aml^p t i \_\__ _____ |^^ buy a liberty bond and help furnish the sinews of wafi ycur every dollar like the eagle it bears7|will come home to its nest & j